Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$70,265,000
Specialty properties
14221 51st Ave Glendale, AZ 85306-2539
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US07-1059505
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1997
Construction
STEEL FRAME
Total area
3,558 SF
Lot
19.18 ac (835,437 SF)
Zoning code
R-3
APN
207-33-567
UPID
US07-1059505
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Indigo Creek Apartments Leasing Office Apartment Complex
-
Indigo Creek Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$71.75M
Blend (final)
Blend
$70.27M
Owner & transaction history
Rre Indigo Creek Holdings L · 9 yrs held
Rre Indigo Creek Holdings L
since 2017
7 recorded transactions
Zoning & alternative use
R-3 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$70.27M
Range $63.24M – $77.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$19,748 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$461,101
Tax year 2023
Assessed value
$11,277,770
Assessed 2024
Previous assessed
$8,962,410
+25.8% YoY
Effective rate
4.09%
On assessed value
Land market value
$22,555,500
Improvement market value
$90,222,200
Total market value
$112,777,700
Applied tax rate
61,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
38
Stories
1
Units
408
Total area
3,558 SF
Lot
19.18 ac (835,437 SF)
Zoning code
R-3
APN
207-33-567
UPID
US07-1059505
Jurisdiction
MARICOPA
Zoning & alternative use
R-3 · Glendale, AZ
Zoning R-3 · permitted uses
R-3 · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
38
Units
408
Lot
19.18 ac
Current owner
From public records · entity-resolved
Rre Indigo Creek Holdings L
Entity
Mailing address
1845 WALNUT ST FL, PHILADELPHIA, PA 19103-4707
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2022
—
Rre Indigo Creek Holdings LLC
—
Deed
related
$120,400,000 · Bank Of America NA
Apr 28, 2017
—
Rre Indigo Creek Holdings LLC
—
Deed
related
$40,789,000 · Berkadia Commercial Mortgage LLC
Apr 6, 2017
$55,200,000
Rre Indigo Creek Holdings L
Indigo Creek Investors LLC
Grant Deed
—
Oct 30, 2014
$40,500,000
Indigo Creek Investors LLC
Ces Indigo Creek LLC
Special Warranty Deed
$35,000,000 · Mesa West Real Estate Income Fund I
Sep 22, 2006
$45,300,000
Cfs Indigo Creek LLC
Indigo Creek Investors
Grant Deed
$23,266,924 · Wachovia Bk C Tr 2004-c10 (tr)
Dec 23, 2003
$5,350,270
Indigo Creek Tic 29 LLC
Indigo Creek Acquistions LLC
Grant Deed
related
—
Dec 10, 2003
$5,404,300
Indigo Creek Tic 9 LLC
Indigo Creek Acquisitions LLC
Grant Deed
related
—
Dec 5, 2003
$34,600
Indigo Creek Acquisitions LLC
Ssr Western Multifamily LLC
Grant Deed
$23,500,000 · Artesia Mortgage Capital Corp
Dec 5, 2003
$1,019,760
Indigo Creek Investors LLC
Indigo Creek Acquisitions LLC
Grant Deed
related
—
Dec 5, 2003
$25,000,000
Indigo Creek Tic 1 LLC
Indigo Creek Acquisitions LLC
Grant Deed
related
—
Mar 17, 1999
$10,000,000
Ssr Western Multifamily LLC
Indigo Creek LLC
Grant Deed
$85,000,000 · Berkshire Mortgage Finance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 14221 51st Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
